PPP Loan information for Red's electric llc

$46,224

Red's electric llc was initially approved for PPP Loan of amount $46,224, the current approved amount is $46,224. The loan was approved on 04/10/2020 by The Sterling State Bank reported 5 jobs and $46,224 was used to fund payroll.

Red's electric llc is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Red's electric llc

RED'S ELECTRIC LLC

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RED'S ELECTRIC LLC

Borrower Address

2745 50TH AVE SE

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55904-9037

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

46224.00

Current Approval Amount

46224.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36611

Servicing Lender Name

Sterling State Bank

Servicing Lender Address

1419 1st Ave SW

Servicing Lender City

AUSTIN

Servicing Lender State

MN

Servicing Lender Zip

55912-1603

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55904-9037

CD

MN-01

Jobs Reported

5

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

46224.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

36611

Originating Lender

Sterling State Bank

Originating Lender City

AUSTIN

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

46547.57

Forgiveness Date

12/21/2020

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